Industry Insights
Latin America has been the fastest growing market for adhesives and
sealants market over the past five years on account of strong growth in
end-use industries such as automotive, construction and packaging.
Increasing automobiles demand in Brazil is anticipated to augment the
market growth over the forecast period. Adhesives and sealants provide
large number of applications in manufacturing industries.
Growing manufacturing industries on account of rapid
industrialization in developing nations such as Brazil and Argentina is
anticipated to boost adhesives and sealants market over the next five
years. Increasing government spending in construction activities on
account of infrastructure development in this region is further
anticipated to boost the demand in this region.
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Brazil was the host for FIFA world cup in 2014 which resulted in
strong demand for adhesives and sealants from end-use industries such as
construction, packaging and furniture. Brazil is going to host for next
Olympics in 2016. Olympics is the large scale international event,
which is expected to boost adhesives and sealants demand from end-use
industries over the next two years.
Stringent government regulations regarding usage of adhesives and
sealants coupled with increasing environmental concerns is anticipated
to hinder the market growth over the forecast period. Moreover, volatile
prices coupled with scarcity of crude oil, which is used as a raw
material in manufacturing adhesives and sealants is also expected to
impact adhesives and sealants market growth negatively.
Technology Insights
Solvent based, water based, hot melt and reactive are the different
forms adhesives and sealants manufactured differently using various
technologies. Water based adhesives and sealant emerged as widely used
technology in Latin America region followed by hot melt in 2013. Water
based market has been witnessing strong growth on account of its
environmental friendliness. In addition, rising environmental concerns
coupled with stringent regulations from EPA is anticipated to fuel water
based adhesives & sealants market growth over the forecast period.
Solvent based and hot melt adhesives & sealants market is expected
to witness huge growth over the foreseeable period.
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Product Insights
Acrylic adhesives & sealants was the largest product segment in
this region followed by PVA adhesives. Acrylic adhesives possess high
adhesive property, high environmental resistance and fast setting time.
Construction and automotive industries are the extensive users of
acrylic adhesives and sealants. Strong growth of these end-use
industries in Brazil is the key factor to drive the market in this
region. Moreover, silicone sealants are expected to witness considerable
growth rate over the foreseeable period.
Application Insights
Pressure sensitive applications emerged as the major market for
adhesives and sealants in 2013. Construction is the second major market
owing to increasing infrastructure development projects in Brazil. In
addition, strong growth of end-use industries including packaging and
automotive in this region is anticipated to fuel the market growth over
the next five years. Increasing consumer’s spending on furniture in
Brazil and Argentina coupled with upcoming Olympics event which is to be
hosted in Brazil is anticipated to witness lucrative growth in
furniture industry in this region. Growth in furniture is anticipated to
fuel adhesives and sealants market in this region over the next five
years.
Regional Insights
Brazil has been the largest market for adhesives and sealants over
the past few years on account of strong growth of end-use industries
such as automotive, construction and packaging among others. Rapid
industrialization in Brazil is also the key factor to drive the market.
Argentina and Mexico followed by Brazil are expected to witness
considerable growth rates over the forecast period.
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